CEO of Nigel Farage-Backed Bitcoin Firm Stack BTC Resigns
Jai Patel, the chief executive of Stack BTC, a bitcoin company prominently promoted by Reform UK leader Nigel Farage and former chancellor Kwasi Kwarteng, has resigned from his position. The departure was announced as the firm seeks to reassure investors of its ability to deliver long-term shareholder value. Stack BTC, which relaunched in March 2026 with significant fanfare, is actually a renamed entity formerly known as Kasei Investment Holdings. Kasei was liquidated in 2025 after failing to raise sufficient capital amid volatile digital asset markets. The rebranded company, founded by Paul Withers, aims to function as a bitcoin treasury and venture capital firm. Patel has been replaced by David Galan, a former real estate executive with experience in capital markets. While Farage and Kwarteng remain early shareholders, industry critics like Ian Taylor of CryptoUK have dismissed the relaunch as a PR exercise designed to generate profits for those involved rather than offering a sound investment prospect. The company stated that the leadership change follows the completion of its transition to the new business strategy.
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CEO of Nigel Farage-Backed Bitcoin Firm Stack BTC Resigns
Jai Patel, the chief executive of Stack BTC, a bitcoin company prominently promoted by Reform UK leader Nigel Farage and former chancellor Kwasi Kwarteng, has resigned from his position. The departure was announced as the firm seeks to reassure investors of its ability to deliver long-term shareholder value. Stack BTC, which relaunched in March 2026 with significant fanfare, is actually a renamed entity formerly known as Kasei Investment Holdings. Kasei was liquidated in 2025 after failing to raise sufficient capital amid volatile digital asset markets. The rebranded company, founded by Paul Withers, aims to function as a bitcoin treasury and venture capital firm. Patel has been replaced by David Galan, a former real estate executive with experience in capital markets. While Farage and Kwarteng remain early shareholders, industry critics like Ian Taylor of CryptoUK have dismissed the relaunch as a PR exercise designed to generate profits for those involved rather than offering a sound investment prospect. The company stated that the leadership change follows the completion of its transition to the new business strategy.
The Guardian